Page 4149 - Week 13 - Thursday, 10 November 1994
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .
PAGE 1 OF 3
Madam Speaker, the Betting (Totalizator Administration) Amendment Bill 1994 amends the Be tting (To taliza for A dminis tra tion) A c t 1964 to provide the mechanism for setting deductions from ACTTAB turnover, by disallowable instrument.
The Betting (Totalizator Administration) Act 19 64 requires ACTTAB to pay a determined deduction level on all bets accepted, (i.e. turnover), to the Territory, declared race clubs and the Racecourse Development Fund.
Currently the level of payment to the Territory and the Racecourse Development Fund is enshrined within the Principal Act.
The amount payable to the declared race clubs is set by the Minister. A determination in respect of the level of payment to declared race clubs is a disallowable instrument for the purposes of section 10 of the Subordinate Laws Act 1989.
The Betting (Totalizator.- Administration) Amendment Bill 1994 replaces the set levels of deduction paid to the Territory and the Racecourse Development Fund with levels determined by the Minister. The Bill provides that such determinations of the Minister are disallowable instruments.
4149
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .